Financial insights for the sporting goods industry – Page 76
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News briefs
Globeride's net income surged by 80 percent to 4.26 billion...
Globeride's net income surged by 80 percent to 4.26 billion yen (€32.9m-$38.7m) in the year ended March 31 as the parent company of Daiwa Seiko raised its sales by 8 percent to ¥85.8 billion (€662.2m-$779.7m). Excluding one-time items, net earnings rose by 14 percent to ¥2.49 billion (€19.2m-$22.6m). The gross margin ...
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The Tecnica Group scored better than expected in 2017, booking...
The Tecnica Group scored better than expected in 2017, booking a 10 percent sales increase to €365 million for the year (just above the Rossignol Group). Ebitda went up to €32.3 million from €27.9 million in 2016. The best performances were achieved by Moon Boot, whose sales went up by ...
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Goldwin saw its total revenues increase by 16 percent to...
Goldwin saw its total revenues increase by 16 percent to 70.4 billion yen (€543.3m-$639.7m) in the year ended March 31, with 56 percent of them coming from its network of 140 retail stores. The gross margin improved by two percentage points to 48.4 percent. The net profit soared by 120 percent ...
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News briefs
Adidas is the brand that is pictured most on Twitter...
Adidas is the brand that is pictured most on Twitter and Instagram, according to an analysibs by Brandwatch. In April, Adidas' logo appeared in 6,664,170 unique images, which means in 154 new images every minute, or three new images every second, Brandwatch explains. Adidas is followed by Nike, whose logo ...
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Trigema, the German brand of activewear that prides itself on...
Trigema, the German brand of activewear that prides itself on manufacturing all its clothing in Germany, reported that its total sales increased by 2.3 percent to €100.5 million in 2017, as compared to the previous year. Sales in markets that are directly handled by the company accounted for 48.5 percent ...
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News briefs
BasicNet has reported a 7.5 percent increase in revenues to...
BasicNet has reported a 7.5 percent increase in revenues to €53.7 million for the first quarterb, up by 9.1 percent in constant currencies. Aggregated, wholesale-equivalent sales, including those of its licensees, went up by 4.7 percent to €208 million, with growth of 13.1 percent on a constant-currency basis. Kappa and ...
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News briefs
GfK Switzerland estimates that the Swiss sporting goods market was...
GfK Switzerland estimates that the Swiss sporting goods market was on the rise again in 2017, for the first time in several years, as it expanded by 3 percent to about 1.8 million Swiss francs (€ 1.5m - $ 1.8m) last year. The increase was driven by a double-digit growth ...
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News briefs
Puma has just put out excellent preliminary figures for the...
Puma has just put out excellent preliminary figures for the first quarter. Consolidated sales increased by 12 percent to €1,131 million, with strong currency-neutral growth of about 21 percent. The operating profit (Ebit) went up to around €112 million from €70 million in the year-ago period. Nevertheless, the management is ...
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News briefs
As a group, Fila Korea saw its consolidated net earnings...
As a group, Fila Korea saw its consolidated net earnings decline by 65 percent to 108.1 billion won (€82.2m-$101.6m) last year as sales jumped by 169 percent to KRW 2,530 billion (€1.9bn-$2.4bn) because of the integration of Acushnet's results. As a stand-alone operation, Fila booked net income of KRW 34.7 billion (€26.4m-$32.6m) for ...
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News briefs
Sport Zone suffered a decline in comparable sales last year,...
Sport Zone suffered a decline in comparable sales last year, as reported by the Sonae Group. This Portuguese conglomerate was previously the full owner of Sport Zone, but last year it agreed to fold this interest into the Iberian Sports Retail Group (ISRG), in which the JD Sports Fashion group ...
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News briefs
Netshoes, the large Brazilian-based online retailer of sporting goods, reported...
Netshoes, the large Brazilian-based online retailer of sporting goods, reported a relatively stable net loss of 164.3 million reais (€38.9m-$48.1m) for 2017 on 9 percent higher revenues of R$1,889 million (€447.5m-$552.5m). On an adjusted basis, the net loss went up by 11 percent R$170.3 million (€40.3m-$49.8m), weighed down by a ...
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News briefs
Sport Scheck, the big German sporting goods retailer owned by...
Sport Scheck, the big German sporting goods retailer owned by the Otto Group, resumed its growth in the financial year ended Feb. 28, rising by one percent to €300 million, thanks to a 12.6 percent increase in online sales. In its physical stores, sales declined by one percent on a ...
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News briefs
Total sales of electric bicycles, e-MTBs and speed pedelecs in...
Total sales of electric bicycles, e-MTBs and speed pedelecs in Germany, France, Italy and the Netherlands – the four main markets in Europe - increased by a combined 21 percent in 2017, according to reports in Bike Europe. France showed the biggest increase in the group, with figures up by ...
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News briefs
The share of mind among U.S. teenagers has increased strongly...
The share of mind among U.S. teenagers has increased strongly for shoe and apparel brands such as Adidas, Vans, Champion, Lululemon and Supreme, according to a semi-annual survey conducted by Piper Jeffray this spring among 6,000 people with an average age of 16.4 years. Nike, Converse and Under Armour lost ...
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News briefs
The Norwegian Alpine Ski Area Association reports an average increase...
The Norwegian Alpine Ski Area Association reports an average increase of 15 percent in the sale of tickets by ski lift operators for the whole snow sports season through Feb. 28. The season started early in November and persisted through the winter. In contrast with previous seasons, all the regions ...
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News briefs
After weak Christmas sales, which were due to high pressure...
After weak Christmas sales, which were due to high pressure during the Black Friday promotion, the sale of sporting goods in Sweden jumped by 7 percent in January. The main reason for was the abundant snow and the cold weather throughout the country, which motivated higher than average purchases of ...
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News briefs
Nike remains the world's most valuable fashion brand, according to...
Nike remains the world's most valuable fashion brand, according to Brand Finance. H&M and Zara come next, followed by Adidas, Hermès and Louis Vuitton. While Nike's estimated brand value is down by 12 percent to $28.0 billion as compared to a year ago Adidas' brand value is up by 41 ...
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News briefs
According to Virke, the Enterprise Federation of Norway, the Norwegian...
According to Virke, the Enterprise Federation of Norway, the Norwegian sporting goods industry has grown by 41 percent in the period of 2008 to 2016, and it can expect to grow by a further 4 percent in 2018 in terms of sales to the trade. At the retail level, sales ...
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News briefs
Johnson Health Tech suffered a net loss of 89.7 million...
Johnson Health Tech suffered a net loss of 89.7 million Taiwan dollars (€2.5m-$3.1m) in 2017 against a net profit of NT$19.5 million. Excluding foreign exchange and other extraordinary items, the company's net income declined by 82 percent to NY$130.6 million (€3.6m-$4.5m), as an expansion of 0.9 percentage points in the gross ...
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News briefs
Giant Manufacturing posted a 33 percent drop in net income...
Giant Manufacturing posted a 33 percent drop in net income to 82.05 billion Taiwan dollars (€2.3bn-$2.8bn) for last year because of adverse foreign exchange rates and pricing pressure from OEM clients. Total revenues declined by 3.5 percent to NT$55.2 billion (€1.5bn-$1.9bn), but they were flat in local currencies. The production also ...
